The subject of increasing rent is
always a concern for landlords
and tenants. Thereâ&#x20AC;&#x2122;s always a
change in the business
environment that will warrant a
rent review. It could be an
increase in taxes, insurance
premium, or the cost of
maintenance. Of course, there
are always enough reasons to
raise the rent. However, you
should know tenants will always
find fault in your intentions.
This is where a rent review
expert witness and arbitrations
come into the picture.

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Whatever your decisions
are for raising rents, ensure
it is strictly business.
Remove emotions out of
the reasons for raising
rents. Of course, rents can
be increased every year,
but you should consult a
rent review expert witness
and arbitration to know
applicable laws. With an
expected annual increase,
your tenants are prepared.

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One way to avoid any legal
issue, you should also set the
best value for your rental.
When there is an appropriate
rental, it will be easy to defend
your decisions when a
rent review expert witness and
arbitration
is involved. The increase in
rent should be in tune with the
local market. Ensure your
property is not an outlier in the
local market, it should either
be slightly higher or lower than
the prevailing local rent.

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Justifying a rent is not
always on your mind as a
landlord. However, if
thereâ&#x20AC;&#x2122;s a humanized
approach to your rent
review, you should have
back-up documents
available. With proper
documentation, you will
have leverage over your
favorite tenant. It is not
every tenant that will
understand the need for a
rent review, which is why
you need to be prepared.

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It can lead to a legal tussle
if you don’t inform your
tenants between 30 to 60
days to the end of their
current rents. With a
proactive
rent review expert witness
and arbitration
involved, you will guide on
the right course of action.
In the notice, you should
note what the new rent is
and when it will take effect.
If possible, you can state
the reason for the increase

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Whatever you are doing as
a landlord, make sure you
are in tandem with local
and federal housing laws.
Ensure your rent increase
aligns with the percentage
of rent increment
permissible under the law.
You’ll be appropriately
advised and guided on the
position of the law by a
rent review expert. Never
take action without an
expert consulted.